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    Essentials of Accounting Study Set 2
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    Exam 1: Introduction to Accounting and Financial Reporting for Governmental and Not-For-Profit Organizations
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    In Order for a Fund to Exist,there Must Be
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In Order for a Fund to Exist,there Must Be

Question 84

Question 84

Multiple Choice

In order for a fund to exist,there must be


A) assets set aside for specific purposes.
B) a separate revenue stream.
C) a double-entry accounting entity.
D) A and C are correct.

Correct Answer:

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